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Takeshi Hachimura, Chief Advisor of the Technical Cooperation Project on Strengthening the Capability of the State Bank of Vietnam, funded by the Japan International Cooperation Agency, believes that what is happening in Vietnam should not be called ‘deflation.’
South Korea’s leading retailer Lotte Mart has just announced its plans to invest US$5 billion to develop a chain of 30 retail supermarkets in Vietnam in 15 years from 2009, the state-run newspapers said, citing a senior official of Lotte Vietnam.
Experts have sketched different scenarios about the fate of the real estate market in Ho Chi Minh City in the coming months as it continues to bear the impacts of the international financial crisis.
U.S. Senate Finance Committee Chairman Max Baucus has met with the Vietnamese government officials to discuss measures to remove remaining barriers to expand bilateral trade in the coming years.
The dollar price unexpectedly soared to VND17,400/US$1 yesterday. The gold price has slightly decreased, but it is still VND1.3mil/tael higher than the world’s price.
Mekong Delta Ben Tre province, the largest coconut growing area in Vietnam, is expected to rake in US$66 million from exporting coconut products this year, according to the provincial People’s Committee.
The HCMC Department of Science and Technology held a seminar on Thursday (12 Feb) to introduce a project to renovate technologies for manufacturers at the city’s industrial parks and export processing zones, said the leader of the department.
Commercial banks have been trying to open more branches and transaction points in an effort to raise their competitiveness.
Two years after Vietnam’s adherence to WTO, the wood processing and fine art industry has obtained considerable achievement with high growth rate, increasing export turnover. The industry has been ranked among industries with highest export turnover and in among ten key export industries of the country.
The Vietnamese Ministry of Finance December 15 decided to remove export tax on urea, SA and DAP fertilizers.
The Ministry of Planning and Investment (MPI) has completed a report on the mid-term review of the socio-economic development over the 5-year period of 2006-2010, which says that Vietnam’s economy will be stabilized in 2009 and regain growth impetus in 2010. However, high inflation remains the biggest...
The Vietnamese Ministry of Industry and Trade has issued an action agenda with aims to expand bilateral trade with the Middle East to US$3.1 billion in 2010 and to US$9.6 billion in 2015, Vietnam News Agency said.
